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Cypriot bonds yields return on downward path following volatility due to COVID19
CNA - Gregoris Savva - CYPRUS/Nicosia 27/03/2020 13:56


Cypriot bond yields in secondary markets returned on a downward path, following the recent market volatility due to investor fears as a result of the coronavirus pandemic.
 
The decline is mainly attributed to the ECB’s decision to remove issuer limits from its bond-buying programmes as well as the start of purchases in the context of the Pandemic Emergency Purchases Programme (PEPP) amounting to €750 billion.
 
The PEPP’s will enable the Central Bank of Cyprus to engage in increased purchases of Cypriot bonds from the secondary markets, pushing Cyprus’ borrowing costs lower.

(CNA)

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